The resumption of nuclear energy in Brazil will involve investments of R$15.5 billion ($2.6 bn) over the next few years with the expectation of expanding uranium/yellow cake exports to 1.5 tons per year and the conclusion of the Angra 3 nuclear power plant, the minister of mining and energy (MME), Bento Albuquerque, said at an industry event.
Source: 6 Minutos
Recognised as one of the “greenest countries in the world”, Sweden has a huge tradition of implementing sustainable projects. Sweden’s intention is to stimulate the development of the biogas industry in Brazil, taking advantage of the fact that the country is one of the world’s largest food producers and that it would have huge amounts of unused waste that can be used as fuel for biogas industries.
In the first quarter of crop year 2020/21 (July to September), agricultural areas with greenhouse gas reduction technologies financed by the ABC (Low Carbon Agriculture) credit line rose from 245,000 hectares to 485,100 hectares, up 97.9% from the same period in 2019, the Agriculture Ministry reported.
Source: Noticias Agricolas
The National Bank for Economic and Social Development (BNDES) has provided R$105 billion ($17.5 bn) in emergency support since the beginning of the new coronavirus pandemic in March of this year. The funds have gone to 258,000 Brazilian companies that are responsible for generating 8.5 million jobs.
Sales by the Brazilian machinery and equipment industry in September totalled R$13.9 billion ($2.3 bn), 13.3% more than in the same month of 2019. The increase was mainly driven by domestic trade, not by exports. The year-to-date sales totalled R$ 97.2 billion ($16 bn).
Source: Money Times
Brazil’s agribusiness exports reached a new record in the first nine months of 2020, with a volume 16% higher than in the same period of the previous year. Data from the Foreign Trade Secretariat (Secex) also indicates that shipments of the sector generated revenues of $79 billion between January and September, up 8% in the annual comparison.
Source: Money Times
On the day that the country’s wind energy source reached 17 GW in installed capacity, a study by the Brazilian Wind Energy Association indicates that the socio-economic and environmental impacts of wind energy generation in the country are more than R$260 billion ($43 bn). According to the publication, there are three effects of investments, direct, indirect and income effect.
Source: Canal Energia
Brazil is still skating in relation to the international trend. The three largest ESG investment managers look after less than R$50 billion ($8.9 bn). Two of them have funds that do not exclude polluting industries, although they include ESG data to decide their investments. Other local investors have also begun to realize that ESG issues had major financial implications.
A survey conducted by FecomercioSP shows that 72% of Brazilians have changed their consumption habits in the last six months as a result of the pandemic. The sectors most impacted, i.e., those whose consumers reduced purchases, were clothing and footwear (42%), tourism trips (30%), and physical activities (27%).
The need for cash resources to cover extra spending on the covid-19 pandemic continued to put pressure on public debt in September, with the National Treasury issuing bonds above the historical average. The Federal Public Debt (DPF) rose by 2.59% in nominal terms, from R$ 4.412 trillion ($735 bn) to R$ 4.527 trillion ($755 bn).
Source: Agencia Brasil